Section 62 of Indian Contract Act
Effect of novation, rescission, and alteration of contract.— If the parties to a contract agree to substitute a new contract for it, or to rescind or alter it, the original contract, need not be performed.…
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Effect of novation, rescission, and alteration of contract.— If the parties to a contract agree to substitute a new contract for it, or to rescind or alter it, the original contract, need not be performed.…
Promisee may dispense with or remit performance of promisee.— Every promisee may dispense with or remit, wholly or in part, the performance of the promisee made to him, or may extend the time for such…
Consequences of rescission of voidable contract.— When a person at whose option a contract is voidable rescinds it, the other party thereto need not perform any promise therein contained in which he is promisor. The…
Obligation of person who has received advantage under void agreement, or contract that becomes void.— When an agreement is discovered to be void, or when a contract becomes void, any person who has received any…
Mode of communicating or revoking rescission of voidable contract.— The rescission of a voidable contract may be communicated or revoked in the same manner, and subject to the same rules, as apply to the communication…
Effect of neglect of promisee to afford promisor reasonable facilities for performance.— If any promisee neglects or refuses to afford the promisor reasonable facilities for the performance of his promise, the promisor is excused by…
Claim for necessaries supplied to person incapable of contracting, or on his account.— If a person, incapable of entering into a contract, or any one whom he is legally bound to support, is supplied by…
Reimbursement of person paying money due by another, in payment of which he is interested.— A person who is interested in the payment of money which another is bound by law to pay, and who…
Obligation of person enjoying benefit of non-gratuitous act.— Where a person lawfully does anything for another person, or delivers anything to him, not intending to do so gratuitously, and such other person enjoys the benefit…